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Archive for September 22nd, 2008
That Casino Dealer not living up to your expectations? Buy him. Or her. You can “Beat The Odds.” Yes, even if you play long enough to lose, you win. It’s your your money. Perhaps owning a piece of the casino would be a better alternative. If you have ever thought about owning a piece of an upscale casino, here is a chance. The recent turmoil in the financial markets is creating opportunities for those that can recognize the values and understand the risks. Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family, is credited with saying that “The time to buy is when there’s blood in the streets.” Melco Crown Entertainment (MPEL) 4.83. Melco operates one of the most upscale casinos in Macau the only place in Greater China to offer legalized gambling. Located about an hour hydrofoil ferry ride from Hong Kong (and Hong Kong’s 7 million residents), Macau is within a 2500 mile radius of Taiwan, Japan, Korea, Thailand, Malaysia, Singapore, Indonesia and the Philippines. Melco is one of only six license holders permitted to operate casinos in Macau. Melco is a profitable company that is gaining market share and is the only casino traded in the US that has no exposure to the weak in US market and economic issues. Revenues in Macau grew 45% in 2007 and are expected to do the same for 2008. Several well known banks and brokerage firms, including JP Morgan Chase, Jeffries, Deutsche Bank and BNP Paribas have buy ratings on the company based upon value. Check with your own investment professional for details on the risks and do some homework. This could be a good a good opportunity worth considering. Jack Walker |
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